Analysts' Views: Internap Corp Cmn (INAP)

During its last trading session, Stock traded with the total exchanged volume of 1.45 million shares.

The stock of Internap Corporation (NASDAQ:INAP) registered an increase of 4.36% in short interest. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and global copyright and trademark laws.

Currently Internap Corp Cmn (NASDAQ:INAP)'s shares owned by insiders are 4.1%, whereas shares owned by institutional owners are 78.6%. The stock's market capitalization is 305.66M, it has a 52-week low of 0.80 and a 52-week high of 4.79. The institutional investor owned 27,373 shares of the information technology services provider's stock after buying an additional 12,620 shares during the period.

KCG Holdings Inc. raised its stake in Internap Corporation (NASDAQ:INAP) by 85.5% during the first quarter, Holdings Channel reports. This analysis is based on historical data about the stock's monthly performance given the overall trends of the market and particular indicators within the market. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The correct version of this report can be viewed at https://stocknewstimes.com/2017/08/12/internap-corporation-nasdaqinap-given-consensus-recommendation-of-buy-by-brokerages.html. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Teton accumulated 1.40 million shares. Atlantic Trust LLC now owns 30,910 shares of the information technology services provider's stock valued at $115,000 after buying an additional 6,085 shares during the period. BidaskClub downgraded shares of Internap Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, July 25th.

Internap Corporation's average Book Value per Share Growth Rate was -92.8 percent during the past 12 months. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Internap Corporation during the first quarter worth approximately $232,000.

Shares of Internap Corporation (INAP) opened at 4.75 on Thursday.

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Additionally on 3/10/17 Stifel Nicolaus "Upgrades" Internap Corp Cmn (NASDAQ:INAP) to Buy setting price target at $5.5 and on 8/08/16 Craig-Hallum "Upgrades" the stock to Buy. UBS AG upgraded Internap Corporation from an "outperform" rating to a "strong-buy" rating in a research report on Friday, August 4th. Insiders own 5.83% of the company's stock. Also, Director Peter J. Rogers, Jr. acquired 15,280 shares of the business's stock in a transaction on Tuesday, May 30th.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

In other Internap Corporation news, major shareholder Park West Asset Management Llc sold 125,000 shares of the business's stock in a transaction on Thursday, July 20th. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $3.17.

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Alcoa Corporation (NYSE:AA) ended its day at $37.78 with the rising stream of -2.18% and its total traded volume was 3.52 million shares less than the average volume.

Internap Corporation (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, August 3rd. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. January 11 investment analysts at DA Davidson left the company rating at "Neutral" but lowered the price expectation to $6.50 from $7.50. The disclosure for this sale can be found here. The firm had revenue of $69.64 million for the quarter, compared to analyst estimates of $70.59 million. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. During the same period a year ago, the business earned ($0.21) earnings per share. The Firm provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. Internap Corporation's quarterly revenue was down 6.3% compared to the same quarter previous year.

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